Farmers Bank of Highland

Episode Information

Episode UID: 68060071556
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 6806007 routing
Routing Number: 68-0600
Start Date: August 30, 1929
Location: Doe Hill, Virginia (38.432, -79.444)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 4f359d8b1e615bd1

Response Measures

None

Description

Receiver appointed but article states bank is expected to reopen shortly.

Events (3)

1. August 30, 1929 Receivership

Newspaper Excerpt: Hon. E. B. Jones ... has been appointed receiver for the Farmers Bank of Highland, the doors of which were closed ... announced that discrepancies were apparent in the bank's accounts.
Source: newspapers

2. August 30, 1929 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Apparent discrepancies/shortage around $18,000 and alleged misappropriation by cashier John E. Slaven.
Newspaper Excerpt: the doors of which were closed after B. J. Woodward, State bank examiner, announced that discrepancies were apparent in the bank's accounts.
Source: newspapers

3. * Reopening

Newspaper Excerpt: The bank ... is expected to be reopened within a short time. Depositors and stockholders are not expected to lose anything.
Source: newspapers

Newspaper Articles (1)

1. August 30, 1929 The Washington Times Washington, DC

Article from The Washington Times, August 30, 1929

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Article Text

Bank's Shortage $18,000; Cashier Freed on Bond STAUNTON, Va., Aug. 30.-Hon. E. B. Jones, member of the State legislature from Highland county, has been appointed receiver for the Farmers Bank of Highland, the doors of which were closed after B. J. Woodward, State bank examiner, announced that discrepancies were apparent in the bank's accounts. This announcement was followed by the arrest of John E. Slaven, cashier, on a charge of misappropriation of funds. He is at liberty under bond of $10,000 for his ap. pearance before the October term grand jury of the Highland County Circuit This Court. Slaven waived a preliminary hearing. The bank, which is located at Doe Hill, is expected to be reopened within a short time. Depositors and stockholders are not expected to lose anything. It has been stated by the president, Dr. J. F. Stover, that / the shortage is in the neighborhood of $18,000.